Pengaruh Corporate Governance Terhadap Cash Holdings Perusahaan Di Indonesia Selama Tahun 1993-2007

Hasil penelitian ini menunjukkan komisaris independen memiliki pengaruh yang bagus terhadap reformasi tata kelola perusahaan karena semakin banyak proporsi komisaris independen membuat cash holdings menjadi kecil sehingga masalah agensi di antara pemegang saham mayoritas dan minoritas berkurang. Hasil penelitian dari family control, perbedaan antara cash flow rights dan control rights, business group, dan koneksi politik tidak memiliki pengaruh terhadap cash holdings baik sebelum reformasi dan setelah reformasi tata kelola perusahaan.The results of this study indicate that independent commissioner have a great influence on corporate governance reform as more and more proportion of independent directors make a small cash holdings that agency problems between majority and minority shareholders is reduced. The results of family control, the difference between cash flow rights and control rights, business groups, and political connections have not effect on cash holdings both before and after the reform of corporate governance reform